GBPJPY: Sideways Market & Consolidation (Indecision)
⚠️GBPJPY is consolidating within a horizontal trading range on a daily.
140.0 - 140.5 is its resistance.
137.3 - 137.5 is its support.
The next strong swing move will most likely initiate only after a breakout of the range.
The side of the breakout will show the direction of the market.
🟢In case of a bullish breakout (daily candle close above),
next goal for buyers will be 141.8 level.
🔻In case of a bearish breakout (daily candle close below),
next goal for sellers will be 135.5 level.
Wait for a breakout, follow the market.